You are here: Home - Investing - Experienced Investor - News -

India funds reap Modi rewards

Written by:
Indian funds have been the runaway winners of 2014 to date, according to Hargreaves Lansdown, with six of the 10 best performing funds investing in the region.
India funds reap Modi rewards

The Indian market has been revitalised by the election of pro-business Prime Minister Narendra Modi earlier this year, Hargreaves said.

Laith Khalaf, senior analyst at Hargreaves Lansdown, said: “The success of the Indian market continues apace following Modi’s election. The main stock market index, the Sensex, is up about 30 per cent this year, and some UK funds have done significantly better. The market still looks reasonably valued compared to its history, though the data available for this region is relatively short.”

See the chart below for the best performing funds of the first nine months of 2014.

Rank  Fund  Per cent Growth (YTD) 
 First State Indian Subcontinent  41.7
 Jupiter India  36.9
 Neptune India  36.4
 Invesco India Equity  32.4
5  HSBC GIF Indian Equity  31.1
 Invesco Korean Equity  25.0
 JPMorgan India  24.2
 AXA Framlington Biotech  24.1
 JPM Emerging Middle East Equity  21.7
10   Schroder Small Cap Discovery  18.8

 Source: Hargreaves Lansdown

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week